Tuesday, December 29, 2015

Congress reauthorized key Cleveland financing program

A program that has played a pivotal role in bringing $220 million in investments to the region - helping to make possible $1.5 billion of Cleveland’s
construction renaissance downtown and elsewhere - was reauthorized by
Congress as part of the Omnibus spending bill.

“This reauthorization from Congress will allow us to continue to help facilitate Cleveland’s
ongoing, multi-billion dollar resurgence, as well as play a similar role in an expanded service
area that includes Columbus, Cincinnati, Akron, Youngstown and Pittsburgh, PA.” said Stephen
Strnisha, Chief Executive Officer of CiF. “Our program has pumped more than $220 million of foreign capital into numerous Cleveland projects that have created jobs and reinvigorated large
sections of the city. These projects would not have gone forward or been as financially viable
without EB-5 financing.”

About CiF

Cleveland International Fund (CiF) is a private equity fund that finances local, job-creating projects by raising investment funds from around the globe. Operating under a US government program known as EB-5, we offer our foreign investors and their families an expedited path to permanent US Residency. We also fulfill a mission of financing job-creating projects that spur economic development in our community.

Disclaimer

This material is not an offer or solicitation to invest in any security, does not form part of any existing or future solicitation or offering, and is provided for general information purposes only and not as immigration, investment or tax advice. Security offerings, if any, will only be made pursuant to exemptions from registration requirements set out in applicable securities laws. The content hereof is qualified in its entirety by any offering memorandum and related operating agreement that may exist now or in the future.